REPS. LAWLER AND SHERRILL INTRODUCE BIPARTISAN BILL THAT WOULD DRASTICALLY INCREASE SALT CAP
Washington, D.C., January 31, 2023
Congressman Mike Lawler released the following statement after the bipartisan introduction of the Middle-Class Tax Relief Act, which would increase the SALT cap deduction for single filers to $100,000 and for married couples to $200,000.
“There’s a reason New York leads the nation in out-migration and it has nothing to do with the weather. The cost-of-living is crushing families of all backgrounds and the SALT cap is a big reason why,” said Rep. Lawler. “Double-taxing residents of high tax states is unjust and unfair, and I’m proud to work with Congresswoman Mikie Sherrill and other members on both sides of the aisle to get families the relief they need. The Tax Relief for Middle Class Families Act will lift the cap on the SALT contribution by tenfold, giving real relief to families across our country.”
“This legislation will eliminate the cap on SALT deductions for virtually all NJ-11 families and alleviate the burden on New Jersey workers and businesses. I came to Congress to create common-sense policies and get stuff done. By introducing this bipartisan legislation, we are one step closer to making life more affordable and improving the lives of NJ-11 families,” said Rep. Sherrill.
The Middle-Class Tax Relief Act raises the cap on SALT deductions from $10,000/household to $100,000/single filer and $200,000/married couple. It will help countless married couples filing jointly and single filers in the 17th Congressional District.
New York’s 17th District, which includes all or parts of Rockland, Westchester, Putnam, and Dutchess counties, is a suburban district located just north of New York City. The New York Metropolitan region as a whole is vital to the financial sector and the 17th District in particular is home to nearly 30,000 financial sector employees.